Scoring based on Big Data, a prepaid credit card, a smartphone application, and the decision in a few minutes are examples of fintech services in which we invest. FinTech technologies combined with a high level of customer satisfaction will allow us to consolidate our market advantage and win the race for the modern consumer.
Why is it worth investing in the online loans sector?
The consumer credit market has been booming for several years. According to the Association of Loan Companies last year, the value of sales of only new loans alone amounted to USD 5.1 billion.
This year it may reach even 6 billion, and in the following years the result may be double-digit. The fastest growth concerns the industry in which we operate, i.e. loans granted via the Internet. It is difficult to look for such dynamics in other sectors of the financial market. And what drives the development of the industry and your brands Loan and Credit?
The turning point for the quick loans industry was the transfer of the service to the internet and investing in FinTech solutions. Our two brands Loan and Credit contributed to this revolution. Operating as part of the international Aventus Capital group, we have access to the latest technologies and innovative solutions without which there would be no chance for further development.
And this is inscribed in the genotype of companies operating based on FinTech. In 2013, USD 3 billion was invested in companies from the FinTech industry in the world, a year later it was already USD 12 billion. But the record was only last year. According to KPMG estimates, the value of investments in fintech companies has exceeded USD 20 billion.
What innovative solutions can be found
For us, it is very important to confirm our ability to work with information obtained from the client. Increasingly, he owns a smartphone, and wants to use the services – including loan companies – here and now. That is why both of our sites have efficient mobile versions. We are also constantly improving our innovative customer credit assessment algorithm, which, based on Big Data, complements classic credit scoring.
We basically use Big Data systems from the very beginning, and all information is always analyzed with the consent of the client. We guarantee full security of personal data storage. However, in the face of strong competition in the online loans market, investment in innovation and technologies is not enough.
Acquiring a new customer will always be more expensive than keeping an existing one. That is why we also win the race on the market through various loyalty reward programs that allow for customer satisfaction and constant loyalty.
In that case, will fintech companies offering loans online eliminate the traditional ones granting loans through branches or consultants?
As well-known American entrepreneur Marc Andreessen said “Software eating the World”. We’ve already been bitten. It went easy because we are small and more flexible than e.g. entities providing services through branches or consultants.
What challenges await your company?
Demand for loans is increasing. Hence the need for continuous expansion and development, and this requires an additional source of financing and attracting investors. In this industry, investors and clients can gain a lot. There is no indication that customer interest in convenient and cheap loans has dropped.
In addition, our offer is simple: borrowers return money, and the investor gets what he cares about the most, i.e. a quick return on investment. Currently, it is difficult to find a faster, simpler and more profitable offer on the market. The interest rate on bank deposits is close to zero, government bonds do not guarantee a large profit, and investment in shares is quite risky.
Why Loan and Credit is a reliable business partner?
We are a company with an established position in the market, we have many years of experience. We have been operating on the Polish online loan market since its inception, i.e. in 2012, when the Loan Plus brand was created. Thanks to this, we know how to borrow money and generate large profits.
In 2015 alone, we recorded a double increase in the total number of loans granted, and the portfolio of newly granted loans increased by as much as 207%. compared to last year. We assume even more dynamic growth this year. This puts us among the leaders in the category of loan companies providing online loans. The proof of this is even the distinction which our company was awarded – Fast Loan Leader 2015.
What do your immediate plans look like? Where is the Little Loan company going to?
We want to develop, both on the Polish and European market, on which we operate as part of Aventus Capital. We also want to attract new investors, for whom we want to be a platform for generating high profits. On the other hand, when it comes to the product itself, we strive for the customer to be able to use it at any time and place, on holidays, shopping or when the car broke down and we need cash for already. Investment in the mobile channel and innovative applications will help us be where the customer and his needs are.